2021 PROFIT Plan results

March 02, 2022

Publix is pleased to announce its PROFIT Plan contribution is 8% of eligible wages for the 2021 plan year. The PROFIT Plan is an employee stock ownership plan (ESOP) — a type of retirement plan.

PROFIT Plan eligibility

You automatically become a participant in the PROFIT Plan once you complete 1 year of employment in which you receive at least 1,000 work credit hours. You receive work credit hours for the hours you’re paid and for certain company-approved leaves of absence. 

You were eligible to share in Publix’s contribution to the PROFIT Plan for 2021 if you 

• were a participant in 2021
• received at least 1,000 work credit hours in your anniversary year that ended during 2021 and
• were employed as of Dec. 31, 2021. 

Publix’s contribution 

Publix’s contribution to the PROFIT Plan is made in Publix stock at no cost to associates. Your share of the contribution for 2021 is valued at 8% of your eligible wages. 

Your eligible wages are generally the pay you received from the date you became a PROFIT Plan participant in 2021 through Dec. 31, 2021. If you were a participant prior to 2021, your eligible wages are generally the pay you received during 2021.

Over 148,000 full- and part-time associates shared in Publix’s contribution to the PROFIT Plan for the 2021 plan year. The value of the average contribution was approximately $2,950 per associate. 

“I’m proud of Publix’s long history of contributing to one of our company’s unique benefits, our PROFIT Plan,” said Vice President of Benefits Administration Linda Kane. “Many associates first receive Publix stock and become company owners through this plan. Mr. George was a pioneer in offering company stock to his associates through an ESOP. He believed if he took care of his associates, they would take care of our customers. Even in these challenging times, our associates have demonstrated what it truly means to be company owners.” 

Stock value 

In addition to Publix’s contribution to the PROFIT Plan, the value of Publix stock increased 14% for the 2021 plan year, excluding dividends. This percentage is based on the $8.60 increase (from $60.20 per share to $68.80) in the Publix stock valuation for the fiscal 4th quarter ended Dec. 26, 2020 (stock valuation effective March 1, 2021), through the fiscal 4th quarter ended Dec. 25, 2021 (stock valuation effective March 1, 2022). 

Over the last 10 years, the growth of Publix stock has averaged 12% per year (excluding dividends and determined as of March 1, 2022). Please remember, past performance is no guarantee of future results.  

PROFIT Plan account balance

You’ll receive your 2021 Publix Retirement Benefits Summary on PASSport by the end of March. This summary provides your account balance, contribution, eligible wages and more.